A Step-by-Step-Guide on how to buy Polkadot (DOT) in Aruba
Step 1 – Signup to Coinbase and recieve 10$ for free In the beginning you'll need to purchase units of the major currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below to register and to get your welcome 10$.
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Polkadot (DOT) is available on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual) Make sure you have selected the right coin you want to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. If you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow these easy steps).
Step 3 – Locate Polkadot (DOT) As soon as your deposit has been approved, you will instantly have access to your funds and you can begin buying and trading. To invest in (DOT) Polkadot on Binance, you will want to hover over the “Exchange” tab and after that click on “Basic”. In order to discover (DOT) Polkadot, you'll need to insert the cointype (DOT) into the search box, which is highlighted in the picture. Be certain of having choosen the proper pairing, we have marked this also. Click on “DOT/BTC” to proceed.
Step 4 – Buying Polkadot (DOT) As soon as you've spotted (DOT) Polkadot, you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we are going to make our own Limit Order. The “Price” field will be automatically filled with the up-to-date rate (DOT) Polkadot was sold for. This can be changed to your desired rate. The “Amount” field is the volumen of DOT you wish to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the complete quantity of DOT. If you are happy, make a mouse click on “Buy DOT”. Your plan will be filled as soon as a Vender trades their DOT for the price you gave.
Step 5 – Withdraw (DOT) Polkadot Unless you're frequently trading, best advise is not to keep your coins on an Exchange for an extended period of time. To take off your Polkadot (DOT), go to the tab called “Funds” and click on “Withdraw”. Polkadot (DOT) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (DOT) Polkadot by using the given drop-down box. Enter the amount of (DOT) Polkadot you'd like to withdraw. Don't forget the presented minimus/fees. Also make sure you have filled your correct withdraw address. When you're satisfied, make a mouse click on “Submit”. You may be asked for verfication via email/phone before a take off.